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New1 / 50

$989,900

196 Second Avenue E • North Bay, ONNew

Courtesy of HOMELIFE ELITE SERVICES REALTY INC.

8

Bedrooms

4

Bathrooms

2000-2500

Square feet

4

Parking

About this home

Calling all investors, this turn key ready to rent legal 4 plex [UNIT 1: 2 BRS & 1 BATH, UNIT 2: 2 BR & 1 BATH, UNIT 3: 3 BRS & 1 BATH, UNIT 4: 1 BR & 1 BATH ] is rebuilt brand new [all interior framing, electrical, heating, plumbing, drywall flooring, baths, kitchens, HRV, and the list goes on] all this work completed in 2026, occupancy permit issued in August 2026. brand new appliances [FRIDGE AND STIOVE] in all 4 units. excellent cash flow, projected NOI $76,660.00 offered at an excellent cap rate of 7.75% thus offering a solid addition to any investment portfolio. Detailed projected income and expense information are available under documents. 4 parking spots and a tool shed for tools in backyard. 5 hydro meters, tenants pay for their own hydro, landlord pays for hydro for mechanical room and laundry room. There were minor changes made to actual construction as compared to plans attached.

Property details

Property type: Fourplex
Style: 2-Storey
Total rooms: 16
Lot size: 38 × 85 ft
Property taxes: $3,222.45 (2026)
Occupancy: Immediate
Days on market: 4
Status: Active
MLS®

Property history

Location

Open in Google Maps

Recently sold nearby

Listing data last updated: Aug 22, 2026, 7:37 p.m. EDT via TRREB IDX.

First listed: Aug 21, 2026, 2:27 p.m. EDT.